(Toronto, May 27, 2010) Heritage Education Funds is pleased to announce its sponsorship of the Families Friendly Corner for the 22nd Toronto International Dragon Boat Race Festival this year. This years Dragon Boat festival will host more than 160 teams with over 5,000 participants from around the world. This festival is one of the biggest and most exciting summer events in Toronto, and will be held at Long Pond, Centre Island, in Toronto on June 19 and 20, 2010.
Onofrio Loduca, Chief Executive Officer of Heritage Education Funds, attended the spectacular eye dotting ceremony "Hoi Gong", which means awakening of the dragon from his sleep at the Sunnyside Beach Pavilion. With the magic touch of a Chinese calligraphy brush on the dragon's eyeball by the officiating dignitaries, the dragon boat comes alive. This symbolizes the beginning of the dragon boating season in Toronto.
"We are proud to be a sponsor for the Toronto International Dragon Boat Race Festival again this year," remarks Mr. Loduca. "The event promotes cultural diversity, tradition and brings sportsmanship and community spirits together. And in the same way, we are very happy to support the Toronto Chinese Business Association as it continues passing down this rich cultural 'heritage' to the next generation."
With support from the Government of Ontario, Ministry of Tourism and Culture this year, the festival has a new component – a Dragon Boat Mini-Museum that focuses on the historical and cultural aspects of the Dragon Boat festival, from which the current dragon boat race has emerged. The Mini-Museum will be open to the public from June 18 to June 20 on Centre Island. Through demonstration and hands-on displays, this new component will allow attendees to learn more about the Dragon Boat Festival and the Chinese culture.
About the Heritage Educational Foundation and Heritage Education Funds Inc.
Heritage Education Funds is one of the leading providers of top performing fixed income RESPs*. Heritage Educational Foundation was incorporated on December 1, 1986, the Foundation administers one of the largest active group RESP's in Canada with assets under administration exceeding $1.68 billion. Heritage's objective is to encourage parents, grandparents or other interested adults to save for a child's post-secondary education through a planned education savings program. Heritage Education Funds Inc. has been helping families to save for their children's post-secondary education for 45 years.
For more information, please contact:
Michelle Li
Assistant Marketing Manager
Heritage Education Funds Inc.
Tel.: 416.758.4400 ext. 2020
Email: michelle.li@heritagefunds.ca
*Based on the returns reported by Morningstar Canada as of March 31, 2010, the Heritage Plans ranked in the top 10 of the 493 fixed-income mutual funds in Canada in 3yr (4.45%), 5yr (4.89%) and 10yr (6.96%) year average return categories.
Heritage Education Funds is the trade name for Heritage Education Funds, Inc.